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Maybe S&P didn’t actually make a mistake when it accidentally downgraded France last week: French bond yields rose to four-month highs Friday, as investors worried about the country’s fiscal strains one day after Standard & Poor’s Ratings Service erroneously issued a message saying the firm had cut France’s triple-A credit rating. The euro zone’s second-largest [...] Spain’s credit rating downgraded again: Spain’s credit rating was cut for the third time since June 2010 by Moody’s Investors Service as Europe’s sovereign-debt crisis threatens to engulf the nation. … Moody’s reduced its ranking to its fifth-highest investment grade, cutting it by two levels to A1 from Aa2, with the outlook remaining negative, the rating [...] |
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